Oprano Adult Industry Forums - View Single Post - MikeFold, I blew the stock at 2.60 for .77% gain

Alex From San Diego · 03-04-2004

I use two things when I am looking for stocks.
First off I am a swingtrader.

I use a piece of software called WizeTrade and Wize Finder
It is basically a piece of oftware that is based on green and red lights.
Green lights indicating buying pressure and red lights indicating selling pressure. It is a little more complicated than that but that is the basis behind it.

I use Wisefinder to pull stocks that meet my specific parameters that I am looking for like gap ups and gap downs from both the previous close and the following opens. depending if I am going long or shorting, I am looking for 2% - 5% in either direction.

I also look for average volume. I never trade with a stock for the long position that has an average volume of less than 500,000 shares and never go short on a stock with a average volume of less than 800,000 shares. This is for obvious reasons.

Once I have my pool of stocks, I do my own charting and go from there.
there is quite a bit more to my method or should I say madness but overall I do fairly well.

03-04-2004	#6
Alex From San Diego Members Join Date: Mar 2004 Posts: 133	I use two things when I am looking for stocks. First off I am a swingtrader. I use a piece of software called WizeTrade and Wize Finder It is basically a piece of oftware that is based on green and red lights. Green lights indicating buying pressure and red lights indicating selling pressure. It is a little more complicated than that but that is the basis behind it. I use Wisefinder to pull stocks that meet my specific parameters that I am looking for like gap ups and gap downs from both the previous close and the following opens. depending if I am going long or shorting, I am looking for 2% - 5% in either direction. I also look for average volume. I never trade with a stock for the long position that has an average volume of less than 500,000 shares and never go short on a stock with a average volume of less than 800,000 shares. This is for obvious reasons. Once I have my pool of stocks, I do my own charting and go from there. there is quite a bit more to my method or should I say madness but overall I do fairly well.